Current Report Filing (8-k)
March 25 2022 - 4:02PM
Edgar (US Regulatory)
0001772720
false
0001772720
2022-03-21
2022-03-21
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION
13 OR 15(D)
OF THE SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date
of earliest event reported): March 21, 2022
XL FLEET CORP.
(Exact name of registrant
as specified in its charter)
Delaware |
|
001-38971 |
|
83-4109918 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
145 Newton Street
Boston, MA |
|
02135 |
(Address of principal executive offices) |
|
(Zip Code) |
(617) 718-0329
(Registrant’s
telephone number, including area code)
N/A
(Former name or former
address, if changed since last report)
Check the appropriate box below if the Form 8-K is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange
on which registered |
Common Stock, par value $0.0001 per share |
|
XL |
|
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On March 21, 2022,
Thomas (Tod) Hynes III resigned as the Company’s President and from its Board of Directors and he and the Company entered into
a separation agreement pursuant to which, provided that Mr. Hynes does not timely revoke the agreement and thereafter complies with
its material terms, he will receive (i) separation pay in the form of a lump sum payment of $479,375 and (ii) nine months of
employer paid COBRA premiums. Mr. Hynes has also agreed to chair the Company’s advisory board. His separation agreement also
includes customary provisions including those regarding cooperation, non-solicitation, and a mutual release.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
|
XL FLEET CORP. |
|
|
|
Date: March 25, 2022 |
By: |
/s/ James Berklas |
|
Name: |
James Berklas |
|
Title: |
General Counsel |
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